ELCHE, Spain, January 9, 2017 (PLD Space PR) — The International Tech Company GMV, with an important presence in the global space sector, has decided to trust in the PLD Space project and will take part in the ownership of the young space company as shareholder. GMV will also develop key technology and will work together with PLD Space in the development of the ARION 1 and ARION 2 launchers, an activity that will enable both companies to grow and position themselves strategically in the small space-launchers market.
The corporative endorsement of GMV enables PLD Space to raise a total investment of 6.7 million euros; between private investment through 2 Spanish investment vehicles and institutional funding coming from the contribution of Spanish government (CDTI and ENISA), public administrations (SUMA Teruel, IVF) and the European Commission (SME Phase1).
ELCHE, Spain, November 2, 2016 (PLD Space PR) — The European rocket company PLD Space has received an important backup from the European Space Agency (ESA), with the award of the Future Launchers Preparatory Programme (FLPP) project called Liquid Propulsion Stage Recovery (LPSR).
ELCHE, Spain, July 21, 2016 (PLD Space, PR) — The European rocket company PLD Space has received another $1.1M contract to foster its liquid rocket engine propulsion program. This new economic support has been provided by the regional investment fund of the Aragón area, called SUMA Teruel. PLD Space had already received the $1.56M TEPREL contract in April 2016 to upgrade for flight its 25 KN Liquid Oxygen – Kerosene rocket engine.
ELCHE, Spain (PLD Space PR) — The European launch company PLD Space has been awarded by the Spanish Government with a $1.56M propulsion project called TEPREL.
TEPREL (Acronym for Spanish Reusable Propulsion Technologies for Launchers) will help PLD Space to continue their liquid rocket engine program, the first one dedicated to boost the small satellite industry in Europe. This project will help PLD Space to have a 35kN engine qualified for flight by the end of 2017.
PLD Space is working since 2014 with a proprietary propulsion system that will be used as first stage of the suborbital reusable rocket ARION 1. So far, the company has performed more than 30 tests of their first liquid rocket engine configuration, called calorimetric version, and now the Spanish Government with TEPREL will help PLD Space to continue its development with the regenerative version and the flight qualification unit.
The company is also working in parallel with a new engine version that uses the same TCA (Thrust Chamber Assembly) but has some modifications to be used as second stage of the PLD Space’s ARION 2 orbital reusable launch vehicle and also with a single shaft LOX/kerosene turbopump. All this propulsion developments will be qualified for the first orbital flight, targeted in early 2020.
ALICANTE, Spain, November 18, 2015 (PLD Space PR) — The Spanish Company PLD Space, based in Alicante, announces through the information posted on its website, its plans to launch from Spain two brand-new reusable rockets into space, called ARION 1 and ARION 2.